Consumer spending increased in September but income after taxes and inflation fell. The markets closed mixed with the Dow gaining 22 points to 12,231 while Nasdaq eased a point to 2737.
On the upside
Align Technology (Nasdaq: ALGN) reported higher third quarter earnings that beat analyst expectations and forecast fourth quarter results ahead of estimates.
Third quarter earnings for Arch Coal (NYSE: ACI) tumbled but revenue climbed and the company affirmed its full year guidance.
CBRE Group (NYSE: CBG) reported higher third quarter earnings as revenue climbed.
On the downside
NuVasive (Nasdaq: NUVA) swung to a loss for the third quarter and warned of losses for the full year.
Old Republic (NYSE: ORI) widened third quarter losses.
Apartment Investment and Management (NYSE: AIV) reported a loss for the third quarter as the average daily occupancy rate slipped.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap lost 4 points to 761.